St. Louis Office Markets Tighten Up

Tenants at the Pierre Laclede Center in Clayton, MO, now have access to modern amenities such as conference centers.

CLAYTON, MO—Office users in the past few years have expanded quite a bit throughout much of the St. Louis metro area, and landlords in suburban Clayton, a submarket which rivals the St. Louis CBD in size, have gotten their share of new tenants.

KBS Real Estate Investment Trust II, a non-traded real estate investment trust based in Newport Beach, CA, recently signed 62,729 total square feet in leases at its Pierre Laclede Center. The Saint Louis Club, a private business and dining club, renewed a 47,572 square-foot lease, while St. Louis Economic Development Partnership, the economic development organization that serves the metro area, signed a new lease of 15,190 square feet.